Keybank
KeyBank, officially known as KeyCorp, is a prominent financial institution headquartered in the United States, with a significant presence in the Midwest and Northeast regions. Founded in 1849, KeyBank has evolved into a leading player in the banking industry, offering a diverse range of services including personal banking, business banking, investment management, and mortgage solutions. KeyBank distinguishes itself through its commitment to customer service and innovative financial products tailored to meet the unique needs of individuals and businesses. With a strong focus on community engagement and sustainable practices, the bank has garnered recognition for its efforts in corporate responsibility. As a member of the S&P 500, KeyBank continues to solidify its market position, consistently ranking among the top banks in the nation for customer satisfaction and financial performance.
DitchCarbon Score
How does Keybank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Keybank's score of 49 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Keybank's reported carbon emissions
In 2023, KeyBank reported total carbon emissions of approximately 94,935,000 kg CO2e. This figure includes 9,803,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 24,454,000 kg CO2e from Scope 2 emissions, which are associated with purchased electricity. The bank's Scope 3 emissions were significantly higher, totalling about 182,034,000 kg CO2e, with major contributions from employee commuting and business travel. Over the years, KeyBank has shown a trend of fluctuating emissions. For instance, in 2022, total emissions were approximately 116,359,000 kg CO2e, while in 2021, they were about 112,837,000 kg CO2e. The bank's emissions peaked in 2016 at approximately 117,593,000 kg CO2e, indicating a complex relationship between revenue growth and emissions output. Despite these figures, KeyBank has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. This lack of formal commitments suggests that while the bank is tracking its emissions, it may not yet have established a clear roadmap for significant reductions in line with global climate goals. Overall, KeyBank's emissions data reflects the challenges faced by financial institutions in managing their carbon footprint, particularly in Scope 3 categories, which often represent the largest share of total emissions.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 14,583,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 70,125,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 9,203,000 | 00,000,000 | 00,000,000 | 000,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Keybank is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
